Bitcoin

The token will likely trade in its recent $53 000 to $57 000 range until the US releases consumer-price data on Wednesday, said Caroline Mauron

'Bitcoin has been responding to macro events in a highly correlated manner to equities,' said Benjamin Celermajer, co-chief investment officer at Magnet Capital.

As glum traders hedge for payrolls.

Bitcoin was little changed at $59 542 as of 7:11 a.m. Friday in New York, about $14 000 below its March peak.

The tumble in Bitcoin comes despite a streak of inflows into US exchange-traded funds for the original cryptocurrency.

Bitcoin rose 1.2% to $65 030 on Monday before dipping back to $64 000 as of 1:35 p.m. in Singapore.

The mood in the bitcoin market has been gloomy of late.

The largest digital asset has fallen about 10% in August, lagging a gain of almost 1% in MSCI’s world share index as well as a jump in gold to all-time highs.

Bitcoin climbed by up to 4.5% following the company's order to pay a $125m penalty.

Bitcoin inched back to top $56 000 while second-ranked token Ether rose as much as 4.9% to more than $2 500.

Still, as is usually the case, crypto advocates remain optimistic about the market outlook, saying the positive factors that had been pushing the market up will remain in place for the coming months.

Bitcoin was trading at $55 770 and Ether at $2 509, up nearly 3%, as of 10:13 a.m. in Singapore on Tuesday. 

Bitcoin traded 8.5% lower at $54 100 as of 10:40 a.m. in Singapore, adding to a 13.1% drop last week that was the worst since the period when the FTX exchange imploded.

MicroStrategy posted impairment losses from digital assets of $180.1m in the quarter, compared to $24.1m during the same quarter last year.